On 28 March 2018, the Senate Economics References Committee
released its report into foreign bribery. Businesses should take
note of the potential changes in this space, as the report contains
numerous recommendations which could have significant compliance
consequences for individuals and corporations.
The inquiry was referred by the Senate to the Senate Economics
References Committee on 24 June 2015 to examine Australia's
historically poor record in investigating and prosecuting foreign
bribery and make recommendations to strengthen Australia's
foreign bribery framework, and improve its anti-foreign bribery
compliance and enforcement response to match its international
comparators by strengthening its legal framework against foreign
bribery and building a culture of integrity and compliance.
